Assigned Risks - definition of Assigned Risks by The Free Dictionary
assigned risk (redirected from Assigned Risks)
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as·signed risk (ə-sīnd′)
A poor risk that an insurance company is compelled to cover under state laws.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive
Tugade said the Clark Airport contract is deemed as the best template for the government as it assigned risks
to the private sector.
Forcing insurance to assigned risks
pools in ever-growing proportions really means that companies must ultimately assume risks and heavy losses by compulsion which they would not accept voluntarily.
The Solicitors Regulation Authority (SRA) said that, as at October, 7,418 firms had applied to enter the Assigned Risks
Pool (ARP) which provides cover for highrisk firms.